Arab Today, arab today turkey paid 61bn for crude oil in last 5 years
Last Updated : GMT 14:44:35
Arab Today, arab today
Arab Today, arab today

Turkey paid $61bn for crude oil in last 5 years

Arab Today, arab today

Arab Today, arab today Turkey paid $61bn for crude oil in last 5 years

Crude oil
Ankara - Anadolu

Turkey paid $61.2 billion for 87.1 million tons of crude oil imports in the last five years, according to ministry statistics released on Thursday.
The country's total crude oil imports amount 87.1 million tons between 2009 and 2013, according to the Turkish Ministry of Energy and Natural Resources.
Turkey is highly dependent on foreign oil resources as it domestically produces only 10 percent of total demand in the country. Iran is its top supplier, representing 35 percent of total Turkish crude oil imports.
Turkey buys 17 percent of its crude oil from Iraq, as well as 13 and 10 percent from Saudi Arabia and Russia respectively.
Energy imports are a huge burden on current budget deficit of Turkey. Turkey’s budget deficit stood at $65 billion in 2013.
Years
Imported crude oil  (tons)
Dollars paid (CIF**)
2009
14.192.524*
6.372.261.775
2010
16.898.364
9.599.158.535
2011
18.092.206*
14.507.583.533
2012
19.484.875
15.932.105.295
2013
18.524.588
14.820.432.958
* Byproducts imported for usage in the production of fuel oil have not been taken into account in these estimates.

 

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